Senior Care franchises tend to follow a very similar delivery model. A rather large up front franchise fee, then high royalty fees and ongoing service fees for the life of the business.
HomeHealth24x7® looked into the best ways to attract industry qualified and experienced franchisees into the senior care industry, and found that one of the best ways would be to have a minimal initial franchise fee, and to eliminate royalties altogether.
Often the prospective franchisee has considerable experience in the Healthcare industry, maybe as much as the franchiser themselves. Many future franchisees have this profile, but may not has the liquid funds to pay a large up front franchise fee, and large royalties, particularly in the early stages of a new business.
“With this model the home health care industry could attract a lot more nurses and para health professionals to start their own business, with the support of a comprehensive franchise system,” stated HomeHealth24x7® CEO, Simon Censon.
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